Stock Performance and Market Context
On 19 Jan 2026, Quest Capital Markets Ltd (Stock ID: 337063) recorded an intraday low of Rs.271.3, representing a decline of 2.76% from its previous close. The stock opened with a gap down of 2.76% and has now experienced two consecutive days of losses, cumulatively falling by 2.38% over this period. This underperformance is notable against the Capital Markets sector, where Quest Capital lagged by 1.73% on the day.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum. This technical positioning underscores the challenges the stock faces in regaining upward momentum in the near term.
Meanwhile, the broader market environment has also been subdued. The Sensex opened flat but declined by 342.64 points, or 0.5%, closing at 83,151.85. Despite this, the Sensex remains within 3.62% of its 52-week high of 86,159.02. However, the index has been on a three-week losing streak, shedding 3.04% in that timeframe. Notably, the Sensex trades below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating mixed signals for the broader market.
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Long-Term Performance and Fundamental Assessment
Quest Capital Markets Ltd’s one-year performance has been notably weak, with a total return of -35.17%, starkly contrasting with the Sensex’s positive 8.52% return over the same period. The stock’s 52-week high was Rs.469.35, highlighting the extent of the decline to the current low of Rs.271.3.
The company’s fundamental metrics provide further insight into its valuation and performance challenges. Quest Capital holds a Mojo Score of 26.0 and carries a Mojo Grade of Strong Sell, an upgrade from a previous Sell rating as of 4 Aug 2025. This grading reflects concerns over the company’s weak long-term financial health and growth prospects.
Return on Equity (ROE) remains subdued at an average of 1.88%, with the most recent figure at 1.5%. Net sales have contracted at an annual rate of -3.36%, indicating a decline in revenue generation over time. Profitability has also been under pressure, with profits falling by 3.9% over the past year.
Despite these challenges, the stock’s valuation metrics suggest it is trading at a very attractive level. The Price to Book Value ratio stands at a low 0.2, indicating that the market price is significantly below the company’s book value. This valuation is in line with historical averages for its peer group, suggesting the stock is fairly valued relative to its sector.
Shareholding and Sector Positioning
The majority ownership of Quest Capital Markets Ltd remains with promoters, maintaining a stable shareholding structure. The company operates within the Capital Markets industry and sector, which has experienced mixed performance amid recent market volatility.
Over the last three years, Quest Capital has underperformed the BSE500 index across multiple timeframes, including the last three years, one year, and three months. This consistent underperformance highlights the stock’s relative weakness within its broader market segment.
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Summary of Key Metrics
To summarise, Quest Capital Markets Ltd’s current stock price of Rs.271.3 represents a 52-week low, reflecting a sustained decline from its peak of Rs.469.35. The stock’s recent underperformance is compounded by its position below all major moving averages and a negative return over the past year of -35.17%. The company’s fundamental indicators, including a low ROE and declining net sales, contribute to its Strong Sell Mojo Grade.
While the valuation appears attractive on a Price to Book basis, the stock’s relative underperformance within its sector and the broader market context suggest ongoing challenges. The Sensex’s recent weakness and the stock’s lagging returns relative to the BSE500 index further contextualise the current market sentiment towards Quest Capital.
Investors monitoring the stock will note the combination of technical and fundamental factors that have culminated in this 52-week low, underscoring the importance of comprehensive analysis when assessing the stock’s position within the Capital Markets sector.
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